Insider Selling: Joseph Thomas Ruble Sells 11,616 Shares of CSG Systems International Stock (CSGS)
CSG Systems International (NASDAQ:CSGS) CAO Joseph Thomas Ruble sold 11,616 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $27.05, for a total value of $314,212.80. Following the sale, the chief accounting officer now directly owns 123,526 shares in the company, valued at approximately $3,341,378. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Stifel Nicolaus upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $40.00 price target on the stock.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 0.30% during mid-day trading on Friday, hitting $27.11. 63,830 shares of the company’s stock traded hands. CSG Systems International has a 1-year low of $23.02 and a 1-year high of $32.11. The stock has a 50-day moving average of $26.48 and a 200-day moving average of $26.81. The company has a market cap of $884.3 million and a P/E ratio of 20.79.
CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $184.60 million for the quarter, compared to the consensus estimate of $188.67 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that CSG Systems International will post $2.12 earnings per share for the current fiscal year.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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